What will be the future price on carbon?

We know the starting price for carbon will be $23 but once trading in carbon permits commences in 2015, we enter the murky area of international politics and carbon markets.

Based on the legislation before us we know that the carbon tax will begin from Sunday at $23 per tonne of CO2 emitted. This will then increase in real terms by 2.5% for 2013-14 and again in 2014-15.

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